Indonesia, supplier of more than one-third of the world's tin, has begun to institute new rules to control the tin trade.
Much has been said of the massive scope of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Lisa Reisman, managing editor of MetalMiner.com, sees opportunity in the controversial provisions governing conflict minerals.
Chinese companies continued to play a huge role in the tin market in 2012.
A brief overview of tin price developments, supply and demand and significant market movers.
Blackheath Resources Inc. (TSXV:BHR,FWB:04B) has completed preliminary exploration work at the Bejanca Tin/Tungsten Project in north central Portugal.
Solid Resources Ltd. (TSXV:SRW,FWB:YRS) signed a definitive and exclusive Co-operation Agreement with a wholly owned subsidiary of Glencore Xstrata plc.
Solid Resources (TSXV:SRW) was recently featured in Metal Bulletin.
The Financial Press featured Solid Resources (TSXV:SRW) in the article, "An Antidote to Horror: Solid Resources Affords ‘conflict-free’ Source of Critical Metals".
Reuters reported that Indonesia, the world’s top exporter of refined tin, is working on boosting exports of finished products. The government’s focus now is to add value to exports, which make smelters unnecessary.
Reuters reported that tin fell close to 7% in the London Metal Exchange on a disappointing Chinese economic data.
Bloomberg reported that tin shipments from Indonesia in March climbed 11.3% to 9,295.7 metric tons on increased purchases from Singapore and Malaysia.
Reuters reported that tin advanced slightly at 0.6% on the LME amid a weak jobs data in the US, which dampened the demand for most metals.